- Solana (SOL) carries the $ 200 psychological mark despite a decline in 1.12 %, indicating the possibility of an upper reflection.
- Double -bottom pattern is formed, with the neck line $ 216 and major support at $ 196.48.
- If the bullish momentum continues, Sol may target $ 250 and $ 285, and perhaps $ 350; Support collapse can test $ 150.
Solana is wrestling with the psychological level of $ 200, as the broader encryption market ranges in an evaluation of $ 3.24 trillion. Despite a decrease of 1.12 % over the past 24 hours, the Sol price structure indicates a potential upward reflection, as its scenes have been set to restore the maximum market of $ 100 billion.
A dual -bottom reflection in playing for Solana
On the daily chart, Solana creates a dual -bottom pattern, a bullish preparation supported by the main support at the level of 23.6 % Vibonacci ($ 196.48). This pattern indicates the possibility of a reflection of trend if Sol can penetrate the resistance of the neckline at $ 216.
More support for the upscale status, the ROSI indicator (RSI) shows a bullish difference, allowing increased momentum in purchase. However, the super -direction indicator still indicates a wider declining trend, indicating that recovery may face some opposite winds before getting a full momentum.
Ali Martinez’s encryption analyst recently Indicate Solana is at a critical turn, and highlights a rising channel style on the graph for three days. According to Martinez, $ 198 is a decisive support level that corresponds to a 61.8 % fibonacci alternative and support for the local trend line.
Martinez warns that the closure of the decline to less than $ 198 can lead to an additional decrease, as psychological support is estimated at $ 150. However, if Sol keeps this level and assembly, Altcoin may reach an extension of 1.414 Fibonacci near $ 350, which represents a large prominent sign.
Sol prediction: Can it break $ 350?
If Solana successfully completed the double collapse, it is possible that the resistance of $ 250, followed by a decisive test at $ 285. The constant collapse can pave the way for these levels to gather about $ 350, especially if the broader encryption market continues to recover.
On the downside, failure to keep the support zone of $ 196 to $ 198 can pay about $ 175 or even $ 150, which are major psychological support levels to see.
